Hi RifRaff,
Yes, you simply turn on "AIS Overlay" in your electronic chartplotter (aka Multifunction Display) and all AIS targets are overlaid. I have an e7D. I'll take a screen shot next time to share.
I purchased my stuff from Arnold's Boat Shop -
www.arnoldsboatshop.com.au/ They're a newish Aussie online retailer but they good reviews and their service was indeed good for me.
The Raymarine AIS650 unit was $1088 and the "AIS Splitter 100" was $271. It came with all the cables you need. Just make sure you have a spare SeatalkNG port to plug the AIS650 into.
I guess AIS equipment is falling in price the whole time, but I've already waited a couple of years.
The extra cost+benefit of having a transceiver, and not just a receiver, seemed worthwhile to me.
YMMW.
PS I've already avoided an "incident". I flicked on the autopilot for a minute to go inside to get a drink when the MFD immediately started shrieking, with the message "AIS collision target". Turns out a South Australian Police boat had changed course and was (only momentarily) on a collision course with me! No doubt checking out my reggo or something :-)